Buy Jeera Sep @ 25100 SL 24800 TGT 25500-25800. NCDEX - Kedia Advisory
Jeera
Observations
Jeera trading range for the day is 24740-26000
Jeera prices dropped as the expectation of higher production weigh on the prices.
China's cumin output soared to over 55-60 thousand tons from the previous 28-30 thousand tons.
Turkey anticipates producing 12-15 thousand tons, while Afghanistan's output could double.
In Unjha, a major spot market, the price ended at 26072.75 Rupees gained by 0.06 percent.
BUY JEERA SEP @ 25100 SL 24800 TGT 25500-25800. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 6696-6860.
Dhaniya prices dropped amid lack of adequate demand in both local and export markets.
Daily arrival of 40000 bags witnessed in Ramganj mandi and around 20000 to 30000 bags coming in Kota.
Traders are reporting decline in yield highlighting the challenges faced in coriander cultivation
In Gondal, a major spot market, the price ended at 6936.5 Rupees dropped by -0.78 percent.
BUY DHANIYA SEP @ 6750 SL 6650 TGT 6850-6950. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 15628-16284.
Turmeric prices dropped as demand remains limited, as buyers are reluctant to make purchases.
Pressure also seen amid news of increased sowing.
In Indonesia, dry weather has accelerated harvesting, which is currently at peak levels.
In Nizamabad, a major spot market, the price ended at 15956.1 Rupees dropped by -0.39 percent.
BUY TURMERIC OCT @ 15900 SL 15600 TGT 16300-16600. NCDEX
